Madras High Court Quashes Reassessment Notice for Being Beyond Limitation Period

Unitech Exhibition Private Limited Vs DCIT (Madras High Court)

Madras High Court recently delivered a judgment in the case of Unitech Exhibition Private Limited versus the Deputy Commissioner of Income Tax (DCIT), setting aside a notice issued under Section 148 of the Income Tax Act, 1961, for the reopening of an assessment. The Court’s decision underscored the principles of ‘change of opinion’ and the stringent conditions for reassessment notices issued after the expiry of the normal four-year limitation period.

Case Genesis

The pet

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